2023 Top 16 Kids Finance Literacy Books with Rave Reviews
Empower young minds with the ultimate guide to financial literacy for kids - discover the top 16 bestselling age-appropriate books on Amazon that lay the foundation for lifelong money management skills
1. Financial Peace Junior: Teaching Kids How to Win With Money! by Dave Ramsey
(Reading Age 3-12) Amazon Rating 4.7/5
Introduction If there's only one money book you should choose to teach your kids, "Financial Peace Junior: Teaching Kids How to Win With Money!" by renowned financial expert Dave Ramsey is an absolute must-have. With its practical strategies, engaging activities, and Dave Ramsey's trusted guidance, this book will empower children with lifelong money management skills and inspire young minds to develop smart financial habits, paving the way for a prosperous future.
Key content
- Introduction to money and its purpose
- Understanding the concept of work and earning money
- The importance of saving and setting financial goals
- Differentiating between needs and wants
- Creating a budget and tracking expenses
- Learning about giving and generosity
- Making wise spending choices and avoiding impulsive purchases
- Understanding the concept of debt and the importance of avoiding it
- Introduction to basic investing and compound interest
- Setting up and managing a simple bank account
- Developing good money habits and responsible financial behavior
2. Earn It! /Save it!/Spend it !/Give it !
(Reading Age 3-7) Amazon Rating 4.9/5
Introduction"Save It, Earn It, Spend It, and Give It" book series, also known as the "Money Bunny" series. It's a collection of children's books written by Cinders McLeod. Each book in the series focuses on a different aspect of money management and financial literacy, teaching young readers important lessons about saving, earning, spending, and giving money. The series aims to introduce basic financial concepts to children in a fun and accessible way.
Key content
- Saving money and the importance of setting goals.
- Earning money and understanding different ways to earn income.
- Spending money wisely and making informed choices.
- Giving money and the joy of generosity.
- Basic financial literacy and developing positive money habits.
3. The Four Money Bears
(Reading Age 3-7) Amazon Rating 4.6/5
Introduction Written by Mac Gardner, this book is designed to teach kids about money management through the use of four bear characters, each representing a different aspect of financial education.
Key content
- Earning Bear: Introduces the concept of earning money through various means, such as chores, jobs, or entrepreneurship.
- Saving Bear: Teaches children the importance of saving money, setting goals, and making smart financial choices.
- Spending Bear: Helps kids understand how to budget, make responsible spending decisions, and differentiate between wants and needs.
- Giving Bear: Encourages children to develop a spirit of generosity by sharing their resources and giving to others in need.
4. The Berenstain Bears Trouble with Money
(Reading age 3-7) Amazon Rating 4.7/5
Introduction Written by Stan and Jan Berenstain. In this story, the lovable Berenstain Bear family faces challenges and learns valuable lessons about money. The book explores topics such as earning money, spending wisely, saving, and making thoughtful decisions about wants versus needs. Through relatable characters and engaging storytelling, children are introduced to basic financial concepts and encouraged to make responsible choices with their money.
Key Content
- Learning the value of money and the importance of earning it
- Making responsible spending choices and distinguishing between wants and needs.
- Discovering the benefits of saving money for future goals.
- Understanding the concept of budgeting and managing money wisely.
5. Rock, Brock, and the Savings Shock
(Reading age 5-6) Amazon Rating 4.7/5
Introduction Written by Sheila Bair, Rock, Brock, and the Savings Shock, illustrated by Barry Gott, tells the rhyming tale of twin brothers Rock, a spender, and Brock, a saver. The boys, who look to be about 8 or 9, are encouraged to save by their canny grandpa, who gives them a dollar a week to do chores and promises to double their money each week if they haven’t spent it. Eventually, Rock ends up broke, while Brock has $512. Fortunately, Rock takes the lesson to heart and mends his ways. The book closes with a table showing how Brock’s fortune grew, while Rock’s didn’t, and a perfect guide to the wonders of compound interest.
Key Content
- Targets children aged 5-8 with a story about twin brothers, Rock a spender and Brock a saver.
- Explores the concept of saving money versus instant gratification.
- Teaches children the importance of setting goals, saving, and delayed gratification.
6. Alexander, Who Used to Be Rich Last Sunday
(Reading Age 4-8) Amazon Rating 4.7/5
Introduction "Alexander, Who Used to Be Rich Last Sunday" is a children's book written by Judith Viorst and illustrated by Ray Cruz. The story follows a young boy named Alexander who starts the week with a dollar that he received as a gift. Throughout the book, Alexander experiences various situations where he spends his money, such as buying candy, trading with his brothers, and losing some of it. As Alexander goes through different adventures, he realizes that his dollar is gradually diminishing, and he becomes disappointed because he can no longer buy the things he initially wanted. The book explores the themes of money management, financial responsibility, and the consequences of impulsive spending.
Key content
- Alexander starts with a dollar and spends it impulsively.
- He learns the value of money and experiences disappointment when it runs out.
- The book teaches kids about money management and making thoughtful spending choices.
- It emphasizes the importance of saving and planning for the future.
7. If You Made a Million
(Reading Age 4-8) Amazon Rating 4.7/5
Introduction
If You Made a Million by David M. Schwartz is an award-winning book that teaches children aged 4 to 8 about money and counting. Through the character Marvelosissimo the Mathematical Magician, the book explains how different combinations of coins and paper money add up, from a penny to a million dollars. It also introduces the concept of interest.
Key content
- The book teaches kids about money and counting through Marvelosissimo the Mathematical Magician.
- The book shows how different coins and paper money add up, starting from a penny to a million dollars.
- It introduces the concept of interest in banks and loans.
- The book helps children understand large numbers and basic financial literacy.
We also recommend other highly rated books by the same author and illustrator team, including
1. How Much Is a Million, click HERE to view more on Amazon
- Millions to Measure, click HERE to view more on Amazon.
8. Rich Dad's Escape from the Rat Race: How To Become A Rich Kid By Following Rich Dad's Advice (Reading Age 6-12 ) Amazon Rating 4.7/5
Introduction
Written by the same author Robert T Kiyosaki from the classic book 'Rich Dad Poor Dad', Rich Dad's Escape from the Rat Race is a brilliant and engaging comic book serves as a beginner's guide to financial literacy, providing children and newcomers with a simplified explanation of key financial concepts. Through easy-to-follow comic strips, this insightful tale teaches kids the importance of understanding how money works for us, embracing smart work over hard work, recognizing opportunities for wealth creation, and ultimately finding a way to escape the confines of the traditional rat race.
Key content
- Learn how money works for you
- Save money and use it wisely
- Understand the difference between assets and liabilities
- Take risks and don't be afraid of making mistakes
- Learn about investing to make your money grow
- Think like an entrepreneur and find ways to make more
- Don't rely on a job for all your income
- Education goes beyond school; keep learning about money
- Help others by sharing your wealth and knowledge
9. The Everything Kids’ Money Book: Earn it, Save it, and Watch it Grow!
( Reading Age 7-12 )Amazon Rating 4.5/5
Introduction
This money book provides foundational information about money and financial management for kids – it’s great to help kids learn the value of money, as well as how to save and invest it. The book is packed with cool information, as well as numerous activities, exercises, and projects to make the learning process simpler. Overall, a great tool to teach children about money.
Key Content
- Saving for goals.
- Needs vs. wants.
- Budgeting and spending plans.
- Currency and transactions.
- Earning money and entrepreneurship.
- Interest and saving.
- Smart spending decisions.
- Basics of investing.
- Banking services explained.
- Responsible borrowing and debt.
- Charity and giving back.
10. Finance 101&102 for Kids: Money Lessons Children Cannot Afford to Miss
( Reading age 8-12) Amazon Rating 4.7/5
Introduction
"Finance 101 & Finance 102: Practical Money Lessons Children Cannot Afford to Miss" is an engaging and informative book that introduces kids to important personal finance concepts such as earning, budgeting, saving, and investing. With its concise chapters, colorful illustrations, and relatable examples, this book is perfect for children to grasp financial knowledge easily.
Key Content in Finance 101
- How money started
- How to earn and make money
- Saving and investing
- What credit is and the dangers of mishandling credit
- What the stock market is
- Economic forces that can affect personal finance
- What currencies and foreign exchanges are
- The importance of giving back to the community
Key Content in Finance 102
- How to spend wisely and live within your means
- How to determine the real cost of a purchase and make informed decisions
- Different ways to stretch your money's worth
- How to resist unhealthy media and social influence
- How to make credit cards work for you
- The power of saving, investing, and compound interest
- How to protect your money, property, and reputation
- Things beyond money that can make you rich
Click Here to buy Finance 101 on Amazon
Click Here to buy Finance 102 on Amazon
11. Kids' Money Book: Earning, Saving, Spending, Investing, Donating
(Read age 8-12) Amazon Rating 4.6/5
Introduction Written by Jamie Kyle McGillian,"Kids' Money Book: Earning, Saving, Spending, Investing, Donating." is here to empower young readers and unravel the mysteries of money management in a way that's both compelling and easy to understand. From learning how to earn and save money to exploring the power of investing and donating, this engaging guide provides practical advice, relatable examples, and a friendly tone that will leave kids feeling confident and excited about their financial future.
Key Content
- Covers earning money through chores and entrepreneurial ventures.
- Explores saving, budgeting, investing, and giving back to the community.
- Offers practical strategies for managing money and making informed financial decisions.
- Introduces the concept of opportunity cost and the importance of making trade-offs.
- Provides real-life examples, quizzes, and activities to enhance learning and engagement.
12. Investing for Kids: How to Save, Invest and Grow Money (Reading Age 8-12) Amazon Rating 4.7/5
Introduction
This book takes you on a journey of earning, saving, and investing money to build wealth, with the assistance of Mr. Finance and Investing Woman. Through relatable examples and actionable advice, this kid-friendly book provides a solid foundation in money management and serves as an excellent guide to the fundamentals of money. With plenty of interactive activities, it sparks curiosity in children about how money works and allows them to understand, enjoy, and practice what they're learning. It not only encourages financial independence but also brings the concept of investing to life in a fun and engaging way.
Key Content
- Learn about saving and investing your money.
- Discover how your money can grow with compound interest.
- Get practical tips for making smart money choices.
- Build a strong foundation for creating wealth and independence.
- Have fun with activities that teach you about money.
- Practice and enjoy using your financial skills.
- Get excited about investing and becoming financially independent.
13. Growing Money: A Complete Investing Guide for Kids (Reading Age 8-12) Amazon Rating 4.6/5
Introduction
Written by Gail Karlitz and Debbie Honig, Growing Money: A Complete Investing Guide for Kids" is a book that offers a comprehensive introduction to investing specifically designed for children. It covers various investment concepts, including stocks, bonds, and mutual funds, in an easy-to-understand manner. The book empowers kids to make informed financial decisions, cultivate good money habits, and lay the groundwork for a successful investment journey.
Key Content
- Introduces older children (ages 10 and up) to the world of investing.
- Explains key financial concepts such as stocks, bonds, mutual funds, and diversification.
- Offers practical advice on saving, budgeting, and starting an investment portfolio.
- Teaches about risk and reward, and the importance of long-term investing.
- Provides insights into the power of compound interest and the benefits of starting early.
- Includes case studies and real-life examples to illustrate investment concepts.
14. Kyng & Kyren’s Generational Wealth Building Activity Book for Kids
(Reading Age 11-13) Amazon Rating 4.9/5
Introduction
This book features Kyng and Kyren, who serve as relatable characters, guiding children through various activities and lessons. It covers topics such as saving, budgeting, entrepreneurship, investing, and philanthropy. The activities are designed to be educational, engaging, and age-appropriate, allowing children to develop a solid understanding of financial principles and practical skills.
Key Content
- Basics of money
- Managing money: Spending, budgeting and saving
- Borrowing and credit
- Investing and various investment avenues
15. Money for Beginners / Understanding Money
(Reading Age 10-16) Amazon Rating 4.8/5
"Money for Beginners" is a helpful book that teaches kids about money and how to manage it wisely. It explains important concepts like earning, saving, and spending money in a fun and easy-to-understand way. With colorful illustrations, this book will help children develop good financial habits and become more confident with their money. It also offers a wide array of activities and worksheets so young learners can imbibe the concepts.
Key Content
- Introduction to money and its value
- Understanding the concept of earning money through work or tasks
- The importance of saving money for future needs and goals
- Differentiating between needs and wants when it comes to spending money
- Budgeting and setting financial goals
- Learning about different forms of money, such as cash, coins, and digital payments
- The concept of interest and how it can help grow savings
- Understanding the role of banks and how to use a bank account
- Introducing basic concepts of investing and the potential benefits of investing money
- The importance of giving and sharing money through charity or helping others in need
16. How to Turn $100 into $1,000,000: Earn! Save! Invest!
( Reading Age 10-14) Amazon Rating 4.6/5
Introduction
"Get ready for an incredible journey towards financial success with the captivating and easy-to-read book, 'How to Turn $100 into $1,000,000: Earn! Save! Invest!' Designed specifically for kids, this exciting book presents fascinating stories and simple strategies that will make learning about money both fun and engaging. Let’s discover how earning, saving, and investing can unlock the path to financial freedom. Get inspired, take charge of your money, and embark on the exciting quest to turn your $100 into an incredible $1,000,000!”
Key Content
- Develop a success mindset.
- Set financial goals.
- Create a budget.
- Earn money in different ways.
- Start a business (entrepreneurship).
- Save, invest, and grow your money.
- Make a business plan.